# Income and Corporation Taxes Act 1970 (repealed 6.4.1992), Section 168: Set-off against general income.

Extent: E+W+S+N.I.

1)—(7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(8) This section applies in relation to losses sustained in the occupation of woodlands in respect of which a person has elected under Paragraph 4 of Schedule 6 to the Finance Act 1988 to be charged to income tax under Schedule D as it applies in relation to losses sustained in a trade.

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Source: https://www.legislation.gov.uk/ukpga/1970/10/section/168 (the official version)
Page: https://openlegislation.uk/income-and-corporation-taxes-act-1970-repealed-641992/section-168
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.